Page 248 - Economy

Manufacturing PMI rises to 6-month high in Jan on exports and new orders

'Employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was created'

EFTA investor delegation to visit Delhi to explore business ties: Goyal

EFTA representatives will be in the national capital with more than 100 investors

FM Sitharaman says no targets for rupee value, it is market-determined

The rupee has been falling in recent weeks, and on Monday touched an all-time low of 87.29 against the American currency

Govt not worried about rupee volatility: Finance and Revenue Secy Pandey

This statement comes after the rupee fell to a record low of 87.29 against the US dollar, depreciating by 67 paise in early trading

PM Modi's Trump strategy sees quick concessions to avoid trade war

India's latest accommodation came on Saturday, when government unveiled the first-ever overhaul to its tariff regime, which included sweeping cuts to duties on imports from textiles to motorcycles

India's pace of debt reduction remains gradual, says Fitch Ratings

The rating agency expressed confidence in India's ability to stick to its medium-term fiscal framework and keep debt firmly on a downward path

Swiss firms eye investments in Rajasthan's key sectors after summit boost

The summit, held in December last year, resulted in memoranda of understanding and letters of intent worth around Rs 35 trillion

Drafting uniform toll policy to ease travel on National Highways: Gadkari

The highways ministry had constructed 13,435.4 kilometres in 2020-21; 10,457.2 km in 2021-22; 10,331 km in 2022-23, and 12,349 km in 2023-24

Draft bill seeking 100% FDI in insurance to be sent to Cabinet soon: DFS

"Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry," he said in an interaction with media here

Budget 2025: Strategic petroleum reserves see Rs 5,597 cr allocation boost

Petroleum Ministry gets funding to explore sedimentary basins for hydrocarbons

India, UK to resume talks on proposed trade agreement from Feb 24: Official

The talks for the proposed FTA began in January 2022. The 14th round of talks stalled as the two nations stepped into their general election cycles

Record tax cuts in Budget to spur consumption, says CEA Nageswaran

In the Economic Survey last week, Nageswaran said that Asia's third-largest economy is expected to expand at a modest clip of 6.3 per cent-6.8 per cent in the coming fiscal year

India's rating upgrade challenge as debt woes trump fiscal prudence: Fitch

In August, Fitch affirmed India's long-term foreign currency issuer rating at 'BBB-' with a stable outlook, citing a strong medium-term growth outlook

RBI curating the liquidity landscape for a potential rate cut this year

As the RBI takes steps to address both short-term and durable liquidity concerns, the focus now shifts to whether these measures can create the right conditions for rate cut transmission

India's factory activity growth hits 6-month high, January PMI at 57.7

The index has been above the 50-mark separating expansion from contraction since July 2021

Centre vows to avoid protectionist signals on trade: Finmin official

India has been trying to placate the Trump administration after it accused the South Asian nation of maintaining very high tariffs that hurt prospects for American firms

Almost all of govt borrowing going for asset creation: FM Sitharaman

Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment

Made sure we're ready for 'Make in India, for the world': FM Sitharaman

"The Prime Minister decided that we need to recognise the taxpayers and their contribution, and if there's a way in which we can reward them, we should. Yes, it will lead to consumption"

Revised Customs duty now closer to Asean average: CBIC Chairman Agarwal

Sanjay Kumar Agarwal spoke about the need to amend rules in the Central Goods and Services Tax Act to overturn the Supreme Court's (SC's) order in the Safari Retreats case

There is no plan to phase out old tax regime: CBDT Chairman Ravi Agrawal

Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the new tax regime